99.3% of banned notes back, govt says demonetisation met most objectives

The RBI, in its annual report released on Wednesday, said that it has successfully completed the “humungous task of processing and verification of specified bank notes”. It also said an amount of Rs 10,720 crore, representing the value of notes which has not been paid as on June 30, 2018, has been removed from the balance of “notes issued” and transferred to “other liabilities and provisions”.

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